Why Different is Better: 5 Reasons Customers Choose Intellicheck to Prevent Identity-based Fraud

More than 5.7 million reports of identity theft and fraud. A 12% rise in imposter scams. A new identity theft victim every 22 seconds.

In today’s environment, fraudsters are getting smarter. Stealing an identity is cheap, easy, and occurring on a daily basis. The increase in identity-related fraud has far reaching impact, with fraudulent account takeovers and new account openings costing consumers and businesses billions of dollars. Whether it’s a fake ID used to make a purchase, or a synthetic identity provided when taking out a loan, simply verifying the information on government issued IDs is no longer enough.

Scanning an ID and Confirming Data  Doesn’t Prove Identity

Given the record level of data breaches, the availability of names, addresses, phone numbers, social security numbers and driver’s license details can be purchased for as little as $20. A fake driver’s license can be produced so realistically—and cheaply—that trained law enforcement can’t tell the difference. And, if law enforcement can’t tell the difference, businesses and their employees on the front line don’t stand a chance. As criminals get smarter, your ability to authenticate and validate the identity of your customers becomes even more vital to reducing your exposure to financial fraud. 

Most identity verification platforms stop at scanning an ID's barcode to confirm the data it contains. But confirming data alone doesn’t establish identity. True identity validation requires authoritative data sources to ensure accuracy and authenticity, going beyond basic document templating and OCR data matching.

That’s why Intellicheck is different. 

Intellicheck has partnered with AAMVA to facilitate their Driver’s License/ID Card Verification Program for 20+ years, allowing our team to gain unparalleled knowledge of the hidden security features and authoritative data embedded in North American IDs. This long-standing partnership has enabled us to develop a proprietary database of verification rules, which allows Intellicheck to validate IDs with an accuracy and precision that other solutions simply can’t match. The result: Superior fraud detection by identifying IDs that other solutions incorrectly pass. And, with sub-second validation and the elimination of false positives and negatives—all without manual reviews—you achieve confidence at scale. 

Our approach to ID validation and fraud prevention provides trust at the point of service, where IDs are presented, to stop fraudsters and safeguard customers and your business. Intellicheck doesn’t just verify IDs, we validate them with the precision and authority only decades of trusted collaboration can provide.

Five Reasons Why Different is Better

1. Proprietary access to authoritative data in ID barcodes. Intellicheck confidently proves identity in real-time with the only platform that leverages proprietary access to authoritative data in ID barcodes to prevent unauthorized ID use and reduce identity-based fraud. In addition to the AAMVA standard, each state’s DMV adds an additional layer of security features and encodings for an extra layer of protection against counterfeit attempts. The accuracy of using the Intellicheck platform to validate IDs using AAMVA’s robust database of jurisdiction formats and reported fake identity data far surpasses that of manual inspection. 

2. Frictionless customer experience. Whether in person, online, or over the phone, Intellicheck eliminates the friction created by traditional fraud prevention and detection processes that create barriers to a positive customer experience. By replacing time-consuming, frustrating validation solutions that rely on manual, error-prone methods with sub-second validation, Intellicheck reduces the cost of customer acquisition, improves application completion rates, and prevents account fraud by accurately proving a customer’s identity.

3. 100% proof in real-time. Validate identity against a robust set of proprietary and third-party signals for in-depth risk and fraud analysis without requiring human-assisted authentication or manual analysis for decisioning. Intellicheck eliminates uncertainty, gains customer confidence, and improves customer acquisition and retention—while doing away with false positives and negatives.

4. Fits into your workflow for immediate time to value. Intellicheck works with your existing check scanning hardware customer intake systems (such as tablets), and that means there’s no installation or maintenance associated with proprietary devices, and no need to re-train staff. It also frees you from purchasing new hardware and future upgrades, reducing upfront and on-going costs.

5. Omnichannel platform. Meet customers where they are, in-person and online, while ensuring a fast, intuitive ID validation experience regardless of how customers are serviced. Intellicheck is user-friendly and seamlessly integrated with existing systems, for confidence at scale.

Trusted Expertise and Unmatched Capabilities

When it comes to preventing identity-based fraud, you want different. You want trusted expertise and unmatched capabilities from the only solution that leverages proprietary access to authoritative data in ID barcodes. Intellicheck delivers just that and more, with a platform that works the way your business works to make the validation and verification process fast and easy for your customers. Now that’s different. That’s Intellicheck.

Learn more about Intellicheck here

About Intellicheck

Intellicheck is the leader in fraud identity management, delivering on-demand digital and physical identity validation solutions for KYC, AML, fraud prevention, and age verification needs. Our solution enables you to bring revenue-generating capabilities online faster, so you can achieve greater productivity gains and accelerate customer acquisition. With over two decades of experience, our mission is to provide seamless, invisible customer experiences with 100% decision rates in under a second. Each year, we validate over 100 million identities across North America.

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